Analyzing Clear Channel Outdoor Holdings Inc. (CCO)’s quick and current ratios


Clear Channel Outdoor Holdings Inc. (NYSE: CCO) closed the day trading at $1.43 down -5.30% from the previous closing price of $1.51. In other words, the price has decreased by -$0.0800 from its previous closing price. On the day, 4310629 shares were traded. CCO stock price reached its highest trading level at $1.5300 during the session, while it also had its lowest trading level at $1.4300.

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For a better understanding of CCO, let’s look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 0.90 and its Current Ratio is at 0.90.

Upgrades & Downgrades

In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, Wells Fargo on July 08, 2022, Downgraded its rating to Equal Weight and sets its target price to $1.50 from $4 previously.

Insider Transactions:

The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Jan 30 when ARES MANAGEMENT LLC bought 500,000 shares for $1.79 per share. The transaction valued at 897,350 led to the insider holds 55,829,046 shares of the business.

ARES MANAGEMENT LLC bought 500,000 shares of CCO for $897,350 on Jan 30. The 10% Owner now owns 55,829,046 shares after completing the transaction at $1.79 per share. On Jan 27, another insider, ARES MANAGEMENT LLC, who serves as the 10% Owner of the company, bought 525,902 shares for $1.80 each. As a result, the insider paid 944,993 and bolstered with 55,329,046 shares of the company.

Valuation Measures:

Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, CCO now has a Market Capitalization of 690.57M and an Enterprise Value of 7.59B. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.28. Its current Enterprise Value per Revenue stands at 3.04 whereas that against EBITDA is 12.69.

Stock Price History:

Over the past 52 weeks, CCO has reached a high of $2.14, while it has fallen to a 52-week low of $0.95. The 50-Day Moving Average of the stock is 1.5218, while the 200-Day Moving Average is calculated to be 1.3675.

Shares Statistics:

Over the past 3-months, CCO traded about 2.94M shares per day on average, while over the past 10 days, CCO traded about 4.56M shares per day. A total of 482.37M shares are outstanding, with a floating share count of 439.13M. Insiders hold about 0.90% of the company’s shares, while institutions hold 101.55% stake in the company. Shares short for CCO as of Aug 30, 2023 were 47.25M with a Short Ratio of 47.25M, compared to 41.44M on Jul 30, 2023. Therefore, it implies a Short% of Shares Outstanding of 9.78% and a Short% of Float of 14.93%.

Earnings Estimates

Current recommendations for the stock of the company come from 6 analysts. On average, analysts expect EPS of -$0.07 for the current quarter, with a high estimate of -$0.05 and a low estimate of -$0.11, while EPS last year was -$0.08. The consensus estimate for the next quarter is $0.03, with high estimates of $0.06 and low estimates of -$0.01.

Analysts are recommending an EPS of between -$0.16 and -$0.21 for the fiscal current year, implying an average EPS of -$0.2. EPS for the following year is -$0.23, with 4 analysts recommending between -$0.21 and -$0.25.

Revenue Estimates

4 analysts predict $608.8M in revenue for the current quarter. It ranges from a high estimate of $642M to a low estimate of $586.2M. As of the current estimate, Clear Channel Outdoor Holdings Inc.’s year-ago sales were $600.17M, an estimated increase of 1.40% from the year-ago figure. For the next quarter, 4 analysts are estimating revenue of $723.11M, an increase of 2.00% over than the figure of $1.40% in the same quarter last year. There is a high estimate of $736.4M for the next quarter, whereas the lowest estimate is $704M.

A total of 6 analysts have provided revenue estimates for CCO’s current fiscal year. The highest revenue estimate was $2.52B, while the lowest revenue estimate was $2.3B, resulting in an average revenue estimate of $2.46B. In the same quarter a year ago, actual revenue was $2.48B, down -0.70% from the average estimate. Based on 6 analysts’ estimates, the company’s revenue will be $2.42B in the next fiscal year. The high estimate is $2.61B and the low estimate is $2.15B. The average revenue growth estimate for next year is down -1.70% from the average revenue estimate for this year.


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